Kuehne & Nagel acquires perishable freight forwarder Salmosped
Kuehne & Nagel International, a Switzerland-based provider of transport, logistics and supply chain management solutions, enters into a binding agreement to acquire 100% of the shares in Salmosped. The Oslo-based company is a Norwegian perishables freight forwarder specializing in transportation of seafood products. Salmosped generated turnover of CHF 118 million in 2020 and handled approximately 63,000 tonnes of goods.
Within the perishables segment, the acquisition of Salmosped enhances Kuehne & Nagel ‘s global network in seafood as it complements existing operations in both Canada, UK and Santiago de Chile.
The transaction is subject to customary closing conditions, including clearance by the competent merger control authorities.
Kuehne & Nagel International were advised by Norway based CLP. While Salmosped was advised by Norwegian law fim Wiersholm.